Trump Says Getting Tough on Chinese Trade Will Empower U.S. He Risks the Opposite.
- 6 years ago
Trump Says Getting Tough on Chinese Trade Will Empower U.S. He Risks the Opposite.
Mr. Trump has also attacked the World Trade Organization — the linchpin of the global trading system
and the ultimate venue for collective action — even suggesting that he might revoke American participation.
If these demonstrations of muscle are intended to strengthen the American position in grappling with China, trade experts increasingly fret
that Mr. Trump’s policies are doing the opposite: They potentially diminish the place of the United States in the world by alienating allies, undermining the potential for collective action among countries nursing shared grievances with China.
“wholly inadequate to deal with China’s version of a state-dominated economy that rejects market principles.”
Mr. Trump has, at least for now, exempted Canada and Mexico from the bite of his tariffs on steel and aluminum.
By PETER S. GOODMANMARCH 22, 2018
LONDON — In recent history as narrated by President Trump, the United States has been fleeced
and humiliated by savvier nations unrestrained by naïve notions like global trading rules.
When you’re hitting the Europeans and the Japanese
and the South Koreans on steel, how easy is it going to be for those countries to cooperate with you on forced technology transfers?”
“You would need all of these countries to agree on these issues, which requires a tremendous amount of cooperation and trust,” he added.
Mr. Trump has also attacked the World Trade Organization — the linchpin of the global trading system
and the ultimate venue for collective action — even suggesting that he might revoke American participation.
If these demonstrations of muscle are intended to strengthen the American position in grappling with China, trade experts increasingly fret
that Mr. Trump’s policies are doing the opposite: They potentially diminish the place of the United States in the world by alienating allies, undermining the potential for collective action among countries nursing shared grievances with China.
“wholly inadequate to deal with China’s version of a state-dominated economy that rejects market principles.”
Mr. Trump has, at least for now, exempted Canada and Mexico from the bite of his tariffs on steel and aluminum.
By PETER S. GOODMANMARCH 22, 2018
LONDON — In recent history as narrated by President Trump, the United States has been fleeced
and humiliated by savvier nations unrestrained by naïve notions like global trading rules.
When you’re hitting the Europeans and the Japanese
and the South Koreans on steel, how easy is it going to be for those countries to cooperate with you on forced technology transfers?”
“You would need all of these countries to agree on these issues, which requires a tremendous amount of cooperation and trust,” he added.